15:58:53 EST Fri 27 Jan 2023
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Volatus Aerospace Corp
Symbol VOL
Shares Issued 113,943,079
Close 2023-01-10 C$ 0.355
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Volatus to distribute Airial UAVs under Volatus brand

2023-01-10 10:00 ET - News Release

Mr. Glen Lynch reports


Volatus Aerospace Corp. has entered into an exclusive agreement to help manufacture, market and distribute Airial Robotics' next generation of unmanned aerial vehicles (UAVs) under the Volatus Aerospace brand and its subsidiaries.

"We are already seeing significant demand for Airial Robotics' products," said Dean Attridge, Volatus vice-president of solutions engineering. "Our industry is at an inflection point and positioned for another period of explosive growth. Airial Robotics' Gyrotrak passed our Vetted by Volatus evaluation for capability, safety, reliability and suitability for night operations and flight beyond visual line of sight."

"Volatus Aerospace has the commercial reach and resources to help us scale quickly with the added benefit of offering training, manufacturing and technical support," said Joerg Schamuhn, chief executive officer of Airial Robotics, headquartered in Germany. "In addition, their global network in defence immediately expands our overall available market. Our products are designed for challenging commercial applications and are ready for large-scale deployment."

Airial Robotics' patented Gyrotrak technology redefines the possibilities of commercial drone applications by combining the low-energy principles of an autogyro with the hover, vertical takeoff and landing features of a helicopter. The result is a disruptive hybrid UAV solution with enhanced flight stability and game-changing improvements in flight time, range, altitude and payload. The modular and scalable design supports size and weight class models ranging between four-kilogram (kg) and 600-kilogram takeoff weight ideally suited to applications ranging from agriculture 4.0, cargo and offshore supply missions to inspection, public safety and defence missions.

"As a career professional pilot, I am impressed. Airial Robotics created a new class of drone designed to aviation standards that outperforms any heavy-lift platform we have operated to date," said Glen Lynch, chief executive officer of Volatus Aerospace. "These UAVs have real potential for positive change in the lives of people working in countless industries. In our own flight operations, its weather tolerance, heavy-lift, high-speed and long-range capabilities make Gyrotrak ideal for our own cargo, agriculture, and oil and gas pipeline applications."

Volatus will manufacture, market and distribute Airial Robotics products under Volatus Aerospace and its subsidiaries, OmniView Tech in Canada, Volatus Aerospace USA and Empire Drone in the United States, Volatus Aerospace LATAM in South America, and Volatus Aerospace U.K. and iRed Remote Sensing in EMEA (Europe, the Middle East and Africa). The company also intends to support and develop existing and qualified new dealers for the products.

About Volatus Aerospace Corp.

Volatus Aerospace is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety and defence markets with imaging and inspection, security and surveillance, equipment sales and support, and training, as well as R&D (research and development), design and manufacturing. Through its subsidiary, Volatus Aviation, it is introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance.

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